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California State University, Fullerton
Department of Economics/MCBE
Comparative Economic Systems (ECON 330)
Spring, 2014

Course Syllabus

Instructor: Nek Buzdar, Ph.D.
Class Meetings:
Section 01, Schedule # 11872 ( TuTh 11:30 AM -12:45 PM, SGMH 1303) Section 02, Schedule # 12161 (TuTh 2:30 PM - 3:45 PM, SGMH 2501) Section 03, Schedule # 12162 (TuTh 4:00 PM - 5:15 PM, SGMH 2205) Section 04, Schedule # 12320 (TuTh 10:00 AM - 11:15 AM, SGMH 1303) Office Location : SGMH 3373

Office Hours: TuTh (9:30-10:00AM, and 1:00 PM-2:30 PM), or by appointment. Phone: (657) 278-3078
E-mail: nbuzdar@fullerton.edu

Required Text: Comparative Economic Systems, ( David Kennett/H. Stephen Gardner), Cengage Learning, 5191 Natorp Boulevard, Mason, Ohio, 45040, USA, ISBN 13: 978-1-285-91771-9; ISBN 10: 1-285-91771-5. Cengage Learning, 2013. Course Objectives: An economic system is a set of institutional arrangements that constrain, coordinate, and facilitate the economic activities of a society, and these systems can vary widely. Comparative Economic Systems develop a framework in which to study the origin, structure, problems, and performance of various economic systems. Two major and competing economic systems that have existed over most of the past century have been the systems of market and centrally planned economies. This course will spend time looking at different variations and combinations of these economic systems. The collapse of Soviet Union as well as its centrally planned/administrative command economy in 1991, has also led to a host of new questions and new problems of comparative economic performance of countries which will also be explored within our comparative framework. Why is the Swedish welfare state system undergoing changes, moving somewhat away from extreme of egalitarian social democracy toward a less interventionist paradigm? Is there a conflict between the EU interventionist concept of government-business relationships and the non-interventionist American (Anglo-Saxon) concept of such relationships? How significant are the differences between the features of the Japanese economy and those of the capitalist economies of Europe and North America? What role might these differences have played in the Asian Tiger economies of the Pacific-Rim? How does the Chinese experience differ? How do the economies of the so-called less developed or developing countries in Africa, Asia and Latin America differ from those in capitalist and socialist countries. Requirements, Evaluation and Grading

Prerequisite: Economics 201 is a prerequisite for the course. I will assume that you are familiar with the material in that course.

The student performance/grade will be determined based on the following: Class attendance and participation…….. ……………………….……….10 percent First Midterm (February 20, 2014) …...…………………………………15 percent Second Midterm: (March, 27, 2014)……………………………...............15 percent Final Examination:

Section 01/11:30 class (May 15, 2014, Noon - 1:50 pm) Section 02 (2:30 class) (May 15, 2014, 2:30 - 4:20 PM) Section 03/4:00 PM class (May 13, 2014, 5:00 - 6:50 PM)
Section 04/10:00 AM class (May 13, 2014 , 9:30-11:20 AM ) ………… .40 percent Paper ………………………………………………………… …................. 20 percent

No Plus Minus (+ -) grades will be assigned. Normally a grading system of 90 and above=A, 80-89.9=B, 65-79.9=C, 60-65=D and Below 60=F will be followed.

Examinations/Tests: The exams/tests may consist of essay questions, multiple choice/true-false questions or a combination of essay and multiple choice/true-false questions. No make-up exams are allowed.

The Paper: The student is required to write a term paper on any subject/topic/aspect of a country’s economy. The paper can be written on the economy of a capitalist industrialized country, a socialist country, or a less developed country with a mixed economy. It must be original and should include a...
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